Quarterly report pursuant to Section 13 or 15(d)

WARRANTS (Tables)

v3.10.0.1
WARRANTS (Tables)
9 Months Ended
Sep. 30, 2018
Warrants and Rights Note Disclosure [Abstract]  
Schedule of warrant activity
A roll-forward of warrant share activity from January 1, 2017 to September 30, 2017 is shown in the following table:
 
Issued and
Outstanding
Warrants as of
January 1, 2017
 
Warrants
Issued
 
Warrants
Exercised/
Expired
 
Issued and Outstanding Warrants as of September 30, 2017
Bridge Warrants
249,999

 

 

 
249,999

Consulting Warrants
98,000

 

 
(41,889
)
(1)
56,111

Financing Warrants
78,186

 

 

 
78,186

Underwriting Warrants
310,500

 

 

 
310,500

IR Consulting Warrants
48,000

 

 
(42,000
)
(2)
6,000

Private Placement Warrants - 2016
1,995,124

 

 
(89,281
)
(3)
1,905,843

Underwriting Warrants- Public Offering 2016
135,750

 

 

 
135,750

Private Placement Warrants - February 2017

 
1,626,898

 

 
1,626,898

Private Placement Warrants - September 2017

 
1,832,860

 

 
1,832,860

 
2,915,559

 
3,459,758

 
(173,170
)
 
6,202,147


(1) During the nine months ended September 30, 2017, there were 41,889 common stock warrants that were exercised through cashless exercises which resulted in 41,800 shares being issued.

(2) During the nine months ended September 30, 2017, 42,000 warrants expired.

(3) During the nine months ended September 30, 2017, there were 89,281 common stock warrants that were exercised through cashless exercises which resulted in 37,031 shares being issued.

A roll-forward of warrant share activity from January 1, 2018 to September 30, 2018 is shown in the following table:
 
Issued and
Outstanding
Warrants as of
January 1, 2018
 
Warrants
Issued
 
Warrants
Exercised/
Expired
 
Issued and Outstanding Warrants as of September 30, 2018
Bridge Warrants
249,999

 

 
(249,999
)
(1)

Consulting Warrants
12,223

 

 
(5,556
)
(2)
6,667

Financing Warrants
62,530

 

 

 
62,530

Underwriting Warrants
310,500

 

 

 
310,500

IR Consulting Warrants
6,000

 

 
(6,000
)
(3)

Private Placement Warrants - 2016
891,063

 

 
(73,000
)
(4)
818,063

Underwriting Warrants - Public Offering 2016
122,175

 

 

 
122,175

Private Placement Warrants - September 2017
1,976,919

 

 
(10,600
)
(5)
1,966,319

Placement Agent Warrants
98,846

 

 

 
98,846

 
3,730,255

 

 
(345,155
)
 
3,385,100


(1)
During the nine months ended September 30, 2018, there were 249,999 warrants that were exchanged for 242,913 shares of common stock in an exchange transaction where the warrant holders exchanged the warrants for the same number of shares they would have been entitled to in a cashless exercise.
(2)
During the nine months ended September 30, 2018, there were 5,556 warrants that were exercised through a cashless exercise which netted 5,542 shares of common stock being issued.
(3)
During the nine months ended September 30, 2018, 6,000 warrants expired.
(4)
During the nine months ended September 30, 2018, there were 73,000 warrants exercised for cash.
(5)
During the nine months ended September 30, 2018, there were 10,600 warrants exercised for cash.